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Former John Lewis Kingstanding Way 44,983 sq ft 100% Let Retail Property Tunbridge Wells TN2 3UP £12,000,000 (£266.77/sq ft) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great transprt links
- Newly refurbished
- Royal Tunbridge Wells is an affluent and well located town in the south east
- Extensive PV Solar panels
EXECUTIVE SUMMARY
A prime car showroom investment. The tenant has recently invested £6m in a refurbishment and the property is now very well specified with an EPC rating of A.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
44,983 sq ft
Year Built/Renovated
2000/2024
Price
£12,000,000
Price per sq ft
£266.77
Yield
6.25%
NOI
£750,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.18
Total Plot Size
5.89 ac
Parking
138 Spaces (3.07 Spaces per 1,000 sq ft Leased)
Frontage
98 ft on Kingstanding Way
AMENITIES
- Storage Space
- Air Conditioning
- Smoke Detector
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Former John Lewis | Kingstanding Way
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